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ExOne (XONE) Tumbles After 3D Systems (DDD) Profit Estimate Decrease

The ExOne Company (XONE) tumbled at the close of the trading day on Wednesday after 3D Systems DDD significantly lowered its profit estimates for 2013, which again brought about fears of a bubble in the 3D printing industry.

NEW YORK (TheStreet) -- ExOne (XONE) tumbled 11.43% to $39.61, down $5.11 from its previous close of $44.72, at the close of the trading day on Wednesday after 3D Systems (DDD)significantly lowered its profit estimates for 2013, which again brought about fears of a bubble in the 3D printing industry.

3D Systems lowered its estimates to a range of 83 to 87 cents a share from a range of 93 cents to $1.03 a share. It cited greater spending on research, manufacturing and marketing as the reasons for the reduction. The company also forecast guidance for 2014 that was less than analysts' estimates.

ExOne's stock hit a low of $37.80 on Wednesday. It had a volume of 1,390,503, more than double its average of 690,032.